SEP 4, 2023
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India is estimated to have had the largest economy of the ancient and medieval world (Between 1st and 17th centuries AD), controlling between one third and one fourth of the world's wealth.
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The gross domestic product (GDP) of India in the 16th century was estimated at about 25.1% of the world economy. An estimate of India's pre-colonial economy puts the annual revenue of Emperor Akbar's treasury in 1600 AD at £17.5 million (in contrast to the entire treasury of Great Britain two hundred years later in 1800 AD, which totalled £16 million).
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